The group said its primary plan is to achieve a plain
delisting from Milan and do so by early 2024, but did not rule
out alternative paths to achieve the same goal, including a
corporate reorganisation.
"Concentrating trading in one market will allow for
increased liquidity and investor focus, while further
simplifying the company profile and compliance requirements,"
the company said in a statement.
The chief executive of Exor , CNH's parent company,
said last November that going from a double to single listing
for the CNH Industrial did not mean taking the firm private.
CNH Industrial, which has had a dual listing for the past
decade, is due to report its fourth-quarter results later in the
day.
(Reporting by Federico Maccioni
editing by Keith Weir)
MILAN, Feb 2 (Reuters) - Farming and construction
machine maker CNH said on Thursday it would drop out
of Milan's stock exchange and keep its shares listed only in New
York.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.